McDonald's Corp. Stock Rises Tuesday, Still Underperforms Market
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Shares of McDonald's Corp. (MCD) rallied 1.07% to $265.90 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.68% to 3,920.56 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. This was the stock's third consecutive day of gains. McDonald's Corp. closed $15.77 below its 52-week high ($281.67), which the company reached on November 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Starbucks Corp. (SBUX) rose 0.38% to $99.46, Chipotle Mexican Grill Inc. (CMG) rose 1.56% to $1,590.76, and Yum! Brands Inc. (YUM) rose 1.45% to $126.70. Trading volume (3.1 M) eclipsed its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:36 ET (00:36 GMT)
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